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← RECLAIMING CHICAGO NFP

Form 990 for tax year 2023

Filed by RECLAIMING CHICAGO NFP.

Totals

Total revenue
$909,444
Total expenses
$151,178
Contributions and grants received
$763,300
Grants paid
$0
Program service revenue
$0
Investment income
$146,144
Other revenue
$0
Total assets, end of year
$15,645,286
Total liabilities, end of year
$8,237,888
Net assets or fund balances, end of year
$7,407,398
Program services expenses (Part IX)
$0
Management and general expenses
$151,178
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $763,300

  • 3 · Investment income

    total $146,144 · excluded $146,144

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $100,000 · management and general $100,000

  • 11c · Fees: accounting

    total $9,820 · management and general $9,820

  • 20 · Interest

    total $39,677 · management and general $39,677

  • 22 · Depreciation, depletion and amortization

    total $845 · management and general $845

  • 24a · Other expenses: MISCELLANEOUS

    total $836 · management and general $836

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,475,250 · end of year $3,539,641

  • 3 · Pledges and grants receivable

    beginning of year $1,500,000 · end of year $750,000

  • 4 · Accounts receivable

    beginning of year $9,008 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $3,174,450 · end of year $11,355,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,576 · end of year $10,046

  • 24 · Unsecured notes and loans payable

    beginning of year $3,500,000 · end of year $8,215,630

  • 25 · Other liabilities

    beginning of year $0 · end of year $12,212

  • 27 · Net assets without donor restrictions

    beginning of year $3,323,582 · end of year $4,432,686

  • 28 · Net assets with donor restrictions

    beginning of year $3,325,550 · end of year $2,974,712

Mission and programs · 2023

Mission

OBTAINING FUNDS TO SUPPORT CHICAGO NEIGHBORHOOD INITIATIVES, INC, LAWNDALE CHRISTIAN DEVELOPMENT CORPORATION, SOUTHWEST ORGANIZING PROJECT, AND THE RESURRECTION PROJECT IN THEIR MISSIONS TO BUILDING OR REHABILITATING AFFORDABLE HOMES AT SCALE FOR SALE TO LOW AND MODERATE-INCOME FAMILIES IN NEIGHBORHOODS ON THE SOUTH AND WEST SIDES OF CHICAGO.

Activities or mission (Part I)

SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT. OBTAINING FUNDS TO SUPPORT CHICAGO NEIGHBORHOOD INITIATIVES, INC, LAWNDALE CHRISTIAN DEVELOPMENT CORPORATION, SOUTHWEST ORGANIZING PROJECT, AND THE RESURRECTION PROJECT IN THEIR MISSIONS TO BUILDING OR REHABILITATING AFFORDABLE HOMES AT SCALE FOR SALE TO LOW AND MODERATE-INCOME FAMILIES IN NEIGHBORHOODS ON THE SOUTH AND WEST SIDES OF CHICAGO.

  • OBTAINING FUNDS TO SUPPORT CHICAGO NEIGHBORHOOD INITIATIVES, INC, LAWNDALE CHRISTIAN DEVELOPMENT CORPORATION, SOUTHWEST ORGANIZING PROJECT, AND THE RESURRECTION PROJECT IN THEIR MISSIONS TO BUILDING OR REHABILITATING AFFORDABLE HOMES AT SCALE FOR SALE TO LOW AND MODERATE-INCOME FAMILIES IN NEIGHBORHOODS ON THE SOUTH AND WEST SIDES OF CHICAGO.

    Revenue $763,300

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicholas Brunick

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Shenita Muse

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Shangwe Parker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Vicky Arroyo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Bartow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pastor James Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lizette Carretero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Imelda Salazar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Annette Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • RECLAIMING NORTH LAWNDALE

    RELATED · DEVELOPER · IL · 51% owned

    Directly controlled by CHICAGO NEIGHBORHOOD INITIATIVES INC

Provenance

Return type
form_990
Tax year
2023
Filed
22 May 2024
IRS schema version
2023v5.0
Source object
202411439349301031

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